Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1887-06-26
JAY GOUID.
THE NAN OF MANY MILLIONS TALKS.
He is Shll Buying a Few Stocks, When They
Come Cheap.
THE PEOPLE PATrED ON THE BACK.
Jay Says They Are Intelligent Noble and
Brave.

NEW YORK, June 25.-The World prints
a long interview with Jay Gould, from
which the following is taken.
"Mr. Gould, 10 what do you attribute
the great disturbance in Wall street
to-day2"
II don't know that l AN tell the exact
cause. I have been so little in the street
that l have paid no great attention to
things. The market was raided, for one
thing, and . scare created. They had Mr..
Field broke, and me dead, but they found
out Field is not broke, and me not dead"
"Do you think bottom has been touched
in values?"
THAT is something very difficult to say.
l believe stocks cheap. 1 bought some. /
bought Missouri Pacific, Western Union
and Manhattan"
"Do you regard the danger over?"
"Yes, the worst is unquestionably
passed."
How do you think the street stood the
shOck?r
Admirably, Ishould say. Not a single
bull house failed. 1t showed the strength
of the bulls. There was more of a capaci-
ty for taking stocks than was looked for"
do you consider it a good time TO buy
stocks now?"
THAT is according to the way q person
looks at it. My remark that I regard
stocks cheap is about as applicable a reply
as / can give"
"Do you care to state the extent of your
purchases to-day, Mr.. Gould?"
We'll; / am notin the market as a spec
ulator and not an extensive buyer of any
thing. / don't owe any money, and have a
little to spare to buy good things OCCASION
ally when I see them"
"Wha is the condition Of the country
from a business point of view9"
Good. / know that is particularly
true of the West. The earnings Of our
roads out there are big"
1.-THE Interstate Commerce law has now
had good trial. What is the effect of 1t IN
the railroad system of the country"
81 think 1t is beneficial. My instruc-
tions were to carry out the law on our
roads and we think we have profted by it"
Whats the defects in it, that could be
remedled?"
81 don't know as there are any. The
Commissioners are intelligent men and are
interpreting the law so as to make 1t pro-
duce the best results, / think"
HAS the political situation any bearing
on the railroad and business interests of
the country. Would the change hack TO a
Republican administration be hurtful?"
Il don't think the change would have
any effect" replied Mr.. Gould, after a
moments reflection, 'the present admin
istration is a discreet one, and don't be-
lieve n administration would interfere
with the prosperity OF the country"
"Wha policy would produce the best
results 70 the couctry at larger"
"To let it alone" was Mr.. Gould'squick
response. 1.-THE country is able to work
out its wi prosperity. The Americans
are a great, noble and brave people and all
they want is TO be let alone. They don't
want interference from the President or
Congress, the State Legislatures or the
Governors. 1t would be better if the Leg
islatures met only once in five years. The
people are able tot axe care of themselves
and run their own affairs. The flower Of
other lands have to serve from one TO seven
years in tine armies. We have no great
standing armies and our best men can
prosecute industries that make the country
rich and the people cOntented. Our peo-
pie will always be prosperous as long as
they can attend to their own affairs"
"Mr. Gould, have you ceased specula-
ton in Wall street wholly and for good9"
II may buy stocks as ! did to-day when
l think l am buying property cheap, but
have absolutely stopped speculation. |
withdrew from Wall street TO remain out,
a year ago last January. i shall never,
under any circumstances, be a Spectator
again"
'Do you also contemplate retirement
from active management of your business
interests"
"Yes, as completely as possible. My
son has ~familiarized himself with the man
agement of the different properties which
| am connected with, and he can now at
tend to them as we'll as / can. II is a re-
Lief for which / IN greatful for and shall
never return to any Of the hard work"
Now, Mr.. Gould, what is the state Of
your health?"
81 did not get my customary run of last
winter and am taking things easy as pos
sible this summer. | have had an attack
of neuralgia which / have now recovered
from, thai WA caused as much as anything
by over-work. i had slight stomach
trouble, a little indigestion with the rest,
which was also brought o. by over.work.
I am feeling very well now and expect TO
pass o very pleasant summer"